The stock market tanked again today. People are scared. Trading was heavy as people tried to scoop up bargains.
According to the NY Times:
Stocks Plunge Again in Last Hour, Dow Below 8,600
A late-day decline once again pushed stock markets down
sharply Thursday. The Dow Jones industrial average declined
about 7.3 percent or 678.91 points on the day to close at
8,579.19, about 40 percent below its peak close of 14,164.53,
exactly a year ago. The broader Standard & Poor’s 500-stock
index was down nearly 7.6 percent on Thursday
These are scary times. We are at a 40% correction at the moment. Today was the biggest percent drop since the crash of 1987.